Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) will hold its ordinary general meeting (OGM) on Wednesday, 21 March, to discuss the board’s recommendation of distributing 28.87% of par value as dividends for fiscal year 2017.

ADIB’s board members have proposed paying 28.87 fils per share in cash dividends for FY17, with a total value of AED 914.53 million, according to a recent bourse statement to the Abu Dhabi Securities Exchange (ADX).

The UAE leading bank disclosed a growth of 33.4% in profits to AED 607.2 million ($165.276 million) in the fourth quarter of 2017 compared to AED 455.1 million ($124 million) in the same period a year ago.